Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has closed a €10 million Series A funding round. The round represents a key milestone in the company’s development, marking the shift from a high-growth startup into a recognized component of Europe’s regulated financial infrastructure. With partnerships tied to brands such as FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO, Tangany is strengthening its standing among the most prominent names in Europe’s digital asset ecosystem.
The round was led by leading European financial institutions including Baader Bank (Germany), Elevator Ventures, the venture capital arm of Raiffeisen Bank International (Austria), and Heliad Crypto Partners (Germany), the digital assets investment arm of Heliad AG. Existing shareholders, including HTGF and Nauta Capital, also participated, reaffirming long-term support. This new shareholder mix further embeds Tangany within Europe’s financial ecosystem, adding depth to governance and institutional engagement.
“This Series A round represents more than just capital; it’s a strong signal of institutional trust in Tangany’s vision and infrastructure. We’re proud to welcome well-established European institutions as shareholders, further strengthening our position within the financial sector. Their involvement reflects our shared commitment to secure, regulated digital asset infrastructure. At the same time, Tangany remains fully independent. Our shareholder structure now mirrors our ambition: becoming an integrated part of Europe’s financial system.” — Martin Kreitmair, Chief Executive Officer & Co-Founder, Tangany
Since a €7 million Seed Round led by Nauta Capital in 2022, Tangany has scaled significantly, now securing over €3 billion in digital assets under custody for financial institutions and digital asset platforms. More than 700,000 customer accounts are currently active on Tangany’s infrastructure, reinforcing its position as one of Europe’s leading crypto custody providers.
Between 2022 and 2024, revenue doubled, with 2024 performance establishing the foundation for long-term scalability. Organizational growth has kept pace, enabling Tangany to support rising institutional demand and increasing regulatory complexity. This trajectory positions Tangany to align seamlessly with MiCA, solidifying leadership within Europe’s regulated digital asset ecosystem.
Tangany has reinforced its presence in the financial sector through deepened collaboration with Baader Bank and Elevator Ventures / Raiffeisen Bank. These strategic alliances signal the start of a new growth phase, characterized by partnerships with institutions that share a long-term vision. Each collaboration strengthens Tangany’s role as a trusted infrastructure provider for regulated institutions across Europe.
Future expansion will involve carefully selected banking partners aligned with Tangany’s values and ambitions, creating an ecosystem where leading institutions naturally join the journey.